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Nov 8, 2012
11/12
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the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more importantly the retailers know it. so with 46 days before the big day -- no pressure here -- walmart is launching a strike on the american consumer. black friday will start thanksgiving thursday. courtney reagan starts our coverage. so no lingering over the pumpkin pie. >> no time for that, sue. back friday's just 15 days away. retailers are already trying to one-up each other kicking offer the holiday shopping event even earlier. walmart will begin its black friday door busters at 8:00 p.m. thursday with a full week of savings to follow. the full event begins at 10:00 p.m. world's largest r
the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more...
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Dec 20, 2012
12/12
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if something happened in the fiscal cliff discussions, you're already taxed at 35%. >> exactly right making these dividends look better as ordinary taxes go up. >> absolutely. important point, folks, and bet ere than your savings account or treasury yield. 4.3%. what's not to love? good to see you. >> thank you, liz. liz: happy holidays. >> thank you. liz: closing bell ringing in 28 minutes. if you're trying to figure out who the winners in retail for the holiday season are, and, yeah, losers, too, you may need an edge, maybe somebody doing the leg work for you. don't lift a peter. wedon't lift a finger, we have peter to do that, and he'll tell you what's hot and not. his fund beat the s&p500 by the wide margin, year after year, coming up next. ♪ girl: don't look at me. second girl: your hair's a bit frizzy today. aw! ha ha! you should pick that up. announcer: every day, kids witness bullying. poor you. ha ha! they want to help but don't know how. teach your kids how to be more than a bystander. visit stopbullying.gov. liz: finally the quarter that research in motion turns it aroun
if something happened in the fiscal cliff discussions, you're already taxed at 35%. >> exactly right making these dividends look better as ordinary taxes go up. >> absolutely. important point, folks, and bet ere than your savings account or treasury yield. 4.3%. what's not to love? good to see you. >> thank you, liz. liz: happy holidays. >> thank you. liz: closing bell ringing in 28 minutes. if you're trying to figure out who the winners in retail for the holiday season...
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Nov 26, 2012
11/12
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CNBC
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i think tomorrow will be focused on the fiscal cliff, specifically as it pertains to rising tax rates. any visibility that we can get on policy or clarity on a solution or compromise will move the markets. so focused on limited partnerships. they will be less affected from an increase in tax rates. from an income perspective we have been looking closely at the fund that yields over 9%. the return of capital characteristics are less effected by rising tax rates. >> peter, i know you watch everything but pick one. what is important for you tomorrow? >> i am going to look at greece to see if they come to an agreement on a short-term fix. it was supposed to be agreement today but seems the imf is holding out for debt reduction from greece. hopefully they will get a deal done. >> look at all of these people do it in under 20 seconds. >> thank you so much. >> before we go let's give you one more look at the markets how they did today. had a selloff on the open this morning. sort of a pullback from friday's rally. the dow finished down 42 points at 12,967. apple was higher. >> citi initiated
i think tomorrow will be focused on the fiscal cliff, specifically as it pertains to rising tax rates. any visibility that we can get on policy or clarity on a solution or compromise will move the markets. so focused on limited partnerships. they will be less affected from an increase in tax rates. from an income perspective we have been looking closely at the fund that yields over 9%. the return of capital characteristics are less effected by rising tax rates. >> peter, i know you watch...
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Dec 2, 2012
12/12
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it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox news sunday. plus, we've seen this movie before. the two parties edging closer and closer to the brink. we will ask our sunday panel whether we will get a happy ending or an economic disaster. and our power player of the week. a young beauty queen has to make a tough choice. all right now on fox news sunday. >> hello again from fox news in washington. well, we had quite a day around here friday with talks to avoid the fiscal cliff deadlock, and everyone saying the other side is to blame, pressure secretary geithner scheduled a ground of interviews. then friday afternoon, speaker boehner's office call
it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox...
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Nov 16, 2012
11/12
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fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not only honor the oval office, but we honor the cubicle, and the home office as well. because today it's about all of us. and no matter who you are, you're the commander-in-chief of your own life. ♪ >>> collection this out. mike tyson touring australia this week at a media event. famous tough man seemed a little bit scared. a zookeeper went to give him a koala bear, and iron mike didn't seem to want to have any part of it whatsoever. i'm not surprised why he's -- they have sharp claws and sharp teeth. >> mike tyson in the "hangover," didn't he have white tig
fails to come to an agreement on the fiscal cliff, the u.s. unemployment rate will top over 9% in 2013. ♪ ♪ ♪ [ male announcer ] 'tis the season to discover the kid in all of us. the memories that last, start with the gifts that last. ♪ enjoy free shipping and great values on your holiday shopping from l.l.bean. [ female announcer ] today, it's not just about who lives in the white house, it's about who lives in the yellow house, the green, and the apartment house, too. today we not...
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Dec 11, 2012
12/12
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speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our clients can get mortgages. our buyers tend to put a lot more money down. they mortgage a lot less, very high credit ratings. we are not seeing that problem at all. lower price point a little bit of a problem but it is getting better. liz: when you look at parts of the business that have done well. the analyst has taken a bit of a back seat to the actual lending business creating a cash cow for a lot of you guys. how is that doing and we understand the margins are very healthy for a lot of these names that are out there? >> our service is toll brothers, the only c
speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our...
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Dec 6, 2012
12/12
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we have no idea where the capital gains are going to go, we're going to go over the fiscal cliff, what do you have to lose, the rates are going to go up. i don't think it makes any difference two tim geithner says. >> it is so widely held by so many who want to play the stock market, let's say, beyond just the capital gains, whether it's in taxable account organization not and it also has the psychological impact that this is the one that i'm going to get out of because i'm afraid of what's coming in general? >> this is the stock, yes, it's cheap, now once it goes down, we have a million reasons, well, it's a nokia phone, well, it's china. ipad miniis available. this is a stock that's so widely owned. it reminds me of sirius satellite. every doctor, every dentist owns apple. they don't know the price per share, they just know it is the proxy for the market. >> they just accelerated dividends. but i think we're talking now 150 companies in some fashion have accelerated or put forward a special dividend. you put forward a special market share, china is 76, with the market share at least.
we have no idea where the capital gains are going to go, we're going to go over the fiscal cliff, what do you have to lose, the rates are going to go up. i don't think it makes any difference two tim geithner says. >> it is so widely held by so many who want to play the stock market, let's say, beyond just the capital gains, whether it's in taxable account organization not and it also has the psychological impact that this is the one that i'm going to get out of because i'm afraid of...
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Nov 7, 2012
11/12
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must resolve the fiscal cliff to maintain that aaa credit rating. we'll talk to the man taking the call coming up, david riley and at&t raising its dividend this morning. news about capital spending. david faber has an exclusive interview with ceo randall stephenson live from new york city. futures look weak down 1/14. "squawk on the street" live from post nine is back in a minute. i was in the ambulance and i was told to call my next of kin. at 33 years old, i was having a heart attack. now i'm on a bayer aspirin regimen. [ male announcer ] be sure to talk to your doctor before you begin an aspirin regimen. i didn't know this could happen so young. take control, talk to your doctor. ♪ welcome to the world leader in derivatives. welcome to superderivatives. >>> president obama enjoying an election victory. phil lebeau joins us from mccormick place in chicago where the speech took place talking about the mood there today and the hard work begins again. >> reporter: it will be interesting to see over the next couple of weeks besides the fiscal cliff
must resolve the fiscal cliff to maintain that aaa credit rating. we'll talk to the man taking the call coming up, david riley and at&t raising its dividend this morning. news about capital spending. david faber has an exclusive interview with ceo randall stephenson live from new york city. futures look weak down 1/14. "squawk on the street" live from post nine is back in a minute. i was in the ambulance and i was told to call my next of kin. at 33 years old, i was having a heart...
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Nov 28, 2012
11/12
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. >> defense stocks because of the fiscal cliff. >> yes, but once that gets solved, i think you have a huge rally in early 2013. then you're left with the real facts, that we're massively accumulating debt. interest rates are artificially low at 0%. >> and we've known that. >> and we're counterfeiting money like crazy. that is not the way to build an economy. i mean, come on. how sustainable is this economy? really? >> we got it. you're right. >> did i make my point clear? >> you never know what he's thinking. >> it's the phoney recovery. it's built on an adjustable rate mortgage. an interest rate shock. when it comes out, it's going to wipe out the solvency of this nation. >> that may be the case. everything you say may be right, but the bottom line is i want to know what the stock market is going to do as a result. the fed is printing money. they're going to print more. if you think there's going to be qe-4, why wouldn't the stock market go up? >> because blowing up the amount of base money isn't enough to get the monetary aggregates growing. you need somebody to borrow that money.
. >> defense stocks because of the fiscal cliff. >> yes, but once that gets solved, i think you have a huge rally in early 2013. then you're left with the real facts, that we're massively accumulating debt. interest rates are artificially low at 0%. >> and we've known that. >> and we're counterfeiting money like crazy. that is not the way to build an economy. i mean, come on. how sustainable is this economy? really? >> we got it. you're right. >> did i make...
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Dec 8, 2012
12/12
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CNNW
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. >> so is 37 the magic number in this fiscal cliff debate? outfront" two men who know taxes very well. the president of the american action forum and robert reich from the university of california and berkeley and former secretary under bill clinton. douglas, does this sound like code for a deal in the works? >> it certainly is good news that they aren't taking things off the table. i would be premature if i was celebrating a deal. there's a long way to go. it's important that they reach an agreement. the fiscal cliff is a very real danger to the united states economy. it's a recipe for a recession. and i certainly would not like to see the rhetoric that we saw from the treasury secretary tim geithner who said he's prepared to go over the fiscal cliff. that is not a good way to talk about what's going on right now. >> mr. reich, let me ask you the same thing. do you think there's code suggesting they are working towards something? because, doug, as you point out, the language was really harsh during this week. but all of a sudden, here we are
. >> so is 37 the magic number in this fiscal cliff debate? outfront" two men who know taxes very well. the president of the american action forum and robert reich from the university of california and berkeley and former secretary under bill clinton. douglas, does this sound like code for a deal in the works? >> it certainly is good news that they aren't taking things off the table. i would be premature if i was celebrating a deal. there's a long way to go. it's important that...
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Dec 5, 2012
12/12
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president obama says no deal on the fiscal cliff. >> how does raising tax rates on the rich help the poor. that is what i don't get. true free market capitalism helps everybody. a rising tide lifts all boats. i'm laugrry kudlow we will be right back. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >> whow does taxing the rich hep the poor rise above poverty and get a job? let's talk to larry elder. he is the author of the great book, "dear father dear son". welcome back. how does taxing successful wealthy people help the poor get out of poverty. well for people who think like i think it doesn't make any sense. but understand something, that is not what this is all about. t
president obama says no deal on the fiscal cliff. >> how does raising tax rates on the rich help the poor. that is what i don't get. true free market capitalism helps everybody. a rising tide lifts all boats. i'm laugrry kudlow we will be right back. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best...
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Nov 26, 2012
11/12
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also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we saw the rising cost of oil. david: we're about to see a lot of activity. also expected to see, for example, cases in which people who have been giving out dividends thinking of increasing dividends are buying back their stock instead because the tax penalty for that is a lot less than what it could be. liz: you are seeing the stock altered, shares ending lower. on the floor of the new york stock exchange, some of this obviously they did not go to enough of the movie. nicole: the five day weekend is actually a box office winner. record-setting winner. $290 million. you know what did not participate in
also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we...
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Nov 12, 2012
11/12
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then there's the drama already on capitol hill over how to avoid plunging over the so-called fiscal cliff. are there enough republicans ready to raise revenue? but is that even enough to fix things without raising tax rates? plus, our autopsy of the campaign. now that florida has had enough time to decide who won there last tuesday, a deep dive into the oh, so coveted i-4 corridor. find out how the region that includes disneyworld turned into the democrats magic kingdom. good morning from washington. it's monday, november 12, 2012. this is "the daily rundown. "i'm chuck todd. this is the federal holiday in honoring veterans day, by the way. to my first reads of the morning. it's a shiny metal object, the david petraeus investigation. it's overshadowing what is the biggest story still in washington for the next two months. the president this week will kick off an effort to rally public support for a deficit reduction plan that includes tax increases on the wealthy, leveraging the political capital that he believes he earned last tuesday. >> this was a central question in the election. and
then there's the drama already on capitol hill over how to avoid plunging over the so-called fiscal cliff. are there enough republicans ready to raise revenue? but is that even enough to fix things without raising tax rates? plus, our autopsy of the campaign. now that florida has had enough time to decide who won there last tuesday, a deep dive into the oh, so coveted i-4 corridor. find out how the region that includes disneyworld turned into the democrats magic kingdom. good morning from...
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Nov 14, 2012
11/12
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the fiscal cliff may be solved and interest rates, as you say, may indeed go up. >> true. munis are a whole different story. they'll suffer but not as much because of the tax-free nature. if you buy them by themselves, they'll mature. bond funds have no maturity and therein lies the problem. >> thank you, mr. clark. to summarize, go short duration if you're in a fund and try to hedge it with an etf. carl, back to you. >> good advice. european close coming up after a break. don't go away. future. since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ >>> the european markets are closing now. >> not only a sea of red, simon, but a lot of data out of europe that wasn't encouraging either. >> that's true. for many in financial markets, also the turmoil you see on the st
the fiscal cliff may be solved and interest rates, as you say, may indeed go up. >> true. munis are a whole different story. they'll suffer but not as much because of the tax-free nature. if you buy them by themselves, they'll mature. bond funds have no maturity and therein lies the problem. >> thank you, mr. clark. to summarize, go short duration if you're in a fund and try to hedge it with an etf. carl, back to you. >> good advice. european close coming up after a break....
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Dec 7, 2012
12/12
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cliff if we don't get higher rates was reckless talk. the staff resumed conversations yesterday in the phone call between speaker boehner and the president that you mentioned. so it's difficult to tell. i still believe as i've said ever since the election that the conditions are emerging for a potential deal, but you've got to get there when the speaker can rally his troops behind the sort of deal that the president will accept. the president believes he holds the high ground. he has all the tax cuts expiring at the end of the year and the question is do we have to go over that cliff before a deal can be struck or not. >> we asked you yesterday whether or not progress was taking place at least on the staff level. you said there were differing opinions. has the needle moved on that front? >> well, the movement of the needle was that yesterday the staff resumed conversations after a little hiatus over several days before that, so that is a progress in and of itself that they're talking, but there's no indication that those conversations ha
cliff if we don't get higher rates was reckless talk. the staff resumed conversations yesterday in the phone call between speaker boehner and the president that you mentioned. so it's difficult to tell. i still believe as i've said ever since the election that the conditions are emerging for a potential deal, but you've got to get there when the speaker can rally his troops behind the sort of deal that the president will accept. the president believes he holds the high ground. he has all the...
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Dec 10, 2012
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what he's essentially saying if we go through the fiscal cliff, to the tax rates reset, he has a better situation to negotiate with you and arguably you may be blamed for driving through that. do you agree the gop may simply have to say yes? >> i do think we are in a very awkward place, as it relates to taxes on the upper income. i just want to say that, again, boehner offered $800 billion. that's about the amount that taxes on the upper 2% are. so now he's negotiating north of that. i mean, the best place for republicans to be, to me, is to pass the rate increases, be done with it. the number's probably much smaller than it's ultimately going to be negotiated. then we still are focused on the right thing which is entitlement changes. again, i hope the president's going to come to the table, candidly. here we are. every developed country in the world knows this is the greatest threat to our nation. economists on both sides of the aisle know this is the greatest threat in our nation. and hopefully they'll solve this. but right now, there's no question in my mind that the president has th
what he's essentially saying if we go through the fiscal cliff, to the tax rates reset, he has a better situation to negotiate with you and arguably you may be blamed for driving through that. do you agree the gop may simply have to say yes? >> i do think we are in a very awkward place, as it relates to taxes on the upper income. i just want to say that, again, boehner offered $800 billion. that's about the amount that taxes on the upper 2% are. so now he's negotiating north of that. i...
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Aug 2, 2012
08/12
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michael you think interest rates will spike if they don't address the fiscal cliff. >> that's right, it's a ticking time bomb, and it's going to happen. we have an adjustable rate mortgage on our debt and it will reveal the invalolinsolvency of nation. we have 16 trillion in gross national debt, and it's growing by $ 1 trillion ever year. that's 50% of our revenue. >> and you're not hearing any lip on the issue unfurniturely in washington. >> bill, let me ask you about investing today, ho u are you allocating capital? >> i'm certainly not hoping for a weak job's numbers that will make qe 3 come sooner. we need job creation. right before the 4:00 bell we were talking about stagnant growth since 2007. we can talk all day about how we're going to get there, that is the nub, but to hope that we have a bad jobs number so we get more adrenaline of drugs into the market is ridiculous. >> okay, so how are you investing then? >> i think investing right now is looking at situations where you can grow margins and grow earnings with nominal top line. we're looking at areas like reits, airlines,
michael you think interest rates will spike if they don't address the fiscal cliff. >> that's right, it's a ticking time bomb, and it's going to happen. we have an adjustable rate mortgage on our debt and it will reveal the invalolinsolvency of nation. we have 16 trillion in gross national debt, and it's growing by $ 1 trillion ever year. that's 50% of our revenue. >> and you're not hearing any lip on the issue unfurniturely in washington. >> bill, let me ask you about...
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Nov 29, 2012
11/12
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he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve, thank you. >>> when jeff kilburg is not fired up about the irish he is fired up about what mr. dudley said today. why? >> absolutely. he came out with very dovish comments. he lass a permanent vote and he is quite the confidant of ben bernanke. so he flat-out gave a wink-wink, there's something big coming in less than two weeks. >> he's been a dove for a long time though. no change but just to hear it articulated gives you some sense of -- >> it does. this could be a one-two punch. if the fomc comes out with additional measures, subsequent week later, all of a sudden they have the fiscal cliff resolution, bam, we c
he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve,...
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Nov 16, 2012
11/12
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if ire worried we go over the fiscal cliff and we get our ratings downgraded again -- >> ever since the election, i keep trying to just focus right on what we're talking about and that is this high end marginal rates on the 250 and above. obama has at this point said that so much times that, i don't know, he's kind of like drawing a line in the sand there. >> oh, yeah. >> we decided yesterday that was one thing that he is at 250 and 39.6. >> i'm still not convinced it's 39.6%. i do think 250 is the line. >> i don't think we're 35% and trying to find deductions anymore. >> the house was 55% stayed republican. so they have the same claim that their constituents elected them to hold the line on this. i saw comments from dave camp that this game that he keeps playing with, i've got the pen, i'm ready to sign it, it's just delaying. it's a nonstarter according to the people that stopped it the last intwo years. >> today is the first day that they'll all be meeting at the white house. and today is the first day that we don't know what's going to happen. >> the issues are so big in terms of en
if ire worried we go over the fiscal cliff and we get our ratings downgraded again -- >> ever since the election, i keep trying to just focus right on what we're talking about and that is this high end marginal rates on the 250 and above. obama has at this point said that so much times that, i don't know, he's kind of like drawing a line in the sand there. >> oh, yeah. >> we decided yesterday that was one thing that he is at 250 and 39.6. >> i'm still not convinced it's...
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Dec 18, 2012
12/12
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all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and bonds just getting hit badly again. i mean, bond yields are moving up. gold is moving down on a day when the dollar is -- is weak today, so the markets are sort of acting like things are actually going to resolve themself. even now, maria, you might notice, the headlines out this afternoon aren't bullish. markets believe a deal is coming quickly. >> so do you guys. you don't have any necessarily different guidance or expectation or reports than we do, and you both are very much in step that a deal gets done what. if it doesn't? >> i kind of think what's going on right now is a little dance. everybody has to appeal to their constituency so what they can do is come out with plan a, b, c, d, e, f and g and if a little bit of every plan goes a little bit into the final plan, they can say we fought for what
all about the fiscal cliff? >> well, the markets, is bullish because the markets are acting like 2013 will resolve a lot of problems so we've multi-month highs in the stock market. we have the safe haven, gold and bonds just getting hit badly again. i mean, bond yields are moving up. gold is moving down on a day when the dollar is -- is weak today, so the markets are sort of acting like things are actually going to resolve themself. even now, maria, you might notice, the headlines out...
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Nov 9, 2012
11/12
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i mean they said that if all -- if we go over the fiscal cliff, that we might see an unemployment rate spike to above 9%. do you think that that pushes it a little bit for both sides to really get together and get something done? >> well, look. unemployment over9% is definitely an eye opening figure. but i think the folks in washington know this is a bad deal. they know it is a worst case scenario if we go over the fiscal cliff. there are some in both parties who argue that it might be best to actually go over the fiscal cliff for a variety of tactical and ideological reasons but most folks in washington, sort of where the center of gravity is politically, they think the fiscal cliff is a bad idea and they don't need necessarily another report from cbo to underscore that for them. i think what we're seeing now is this opening from boehner and i think it is probably easier now for barack obama to give up on the raising rates idea as long as he's getting more revenue from the republicans. that's probably something that is easier for the president to do in this case than it is for boehner
i mean they said that if all -- if we go over the fiscal cliff, that we might see an unemployment rate spike to above 9%. do you think that that pushes it a little bit for both sides to really get together and get something done? >> well, look. unemployment over9% is definitely an eye opening figure. but i think the folks in washington know this is a bad deal. they know it is a worst case scenario if we go over the fiscal cliff. there are some in both parties who argue that it might be...
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Nov 7, 2012
11/12
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just now a race against the clock to head off the fiscal cliff. already two ratings agencies have wasted no time on this issue today. fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points. first time we've seen that big of a decline since november 21st of last year. off the lows rights now, the dow down 260 points at 12,985. the nasdaq is down 63 points, a more than 2% decline at 2947. the s&p at this hour is down 28 points right at 1400. let's break down what's behind today's dramatic decline in stocks in today's "closing bell" exchange. we welcome back michael pento, kwint tatro, jeff sika, and our own rick santelli. quint, you believe the market was going to go down either way. why? >> i do. i think this was long overdue. we have been prop
just now a race against the clock to head off the fiscal cliff. already two ratings agencies have wasted no time on this issue today. fitch saying the u.s. needs to fix that debt threat and moody's says it's going to wait before taking any action and maintain its negative outlook on the u.s. economy. one thing is for sure. the stock market is taking the fiscal cliff very seriously. the blue chip average is off the lows but still down sharply at one time today, the dow was down about 369 points....
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Nov 14, 2012
11/12
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somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we have a lack of confidence. they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path as a country from a fiscal stand point that is reasonable, that is sustain
somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we...
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Nov 21, 2012
11/12
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FBC
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. ♪ gerri: well, the irs issuing a warning that if congress does to address theg that if fiscal cliff and the alternative minimum tax passed tens of millions of us could be hit wit a vecry large tax bill. also might not want to be able to file much later, so expect major delays for that refund. a you with more, a co-founder. er i cannot get over this wholev story. st we have the fiscal cliff. part of that, but the irs is saying we're not going to changi our computer program because we really don't know what willor ce .really d't it could be chaos out there. ou >> they are expecting that theyh will sign a patch like they have fin every year, but -- a gerri: and that means the law goes back to what it has been of the past 12 months, and you don't have to pay that. t w many people would be on thes hook? ha will what it means?eople would b >> right now theree are about 4 million infected people, butfr that would go up to 30 some odd million people.on so 28 million people would now be thrust in. if you remember, this was going t be t back to 1969, 1970. to 155 people is what they wanted to
. ♪ gerri: well, the irs issuing a warning that if congress does to address theg that if fiscal cliff and the alternative minimum tax passed tens of millions of us could be hit wit a vecry large tax bill. also might not want to be able to file much later, so expect major delays for that refund. a you with more, a co-founder. er i cannot get over this wholev story. st we have the fiscal cliff. part of that, but the irs is saying we're not going to changi our computer program because we really...
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Nov 27, 2012
11/12
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CNBC
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intraday trading today shows investors are worried about the fiscal cliff. who's right? >> well, consumer confidence showed that consumers are excited about housing. i think that's the one small bright spot that we've all seen that people can take benefit of low interest rates to buy homes, to renovate their homes. i think that's a small shining spot. >> but the spirit of the question is, should we be worried about the fiscal cliff? are we making much ado about nothing? >> well, consumers should understand that out of the $610 billion possible impact of the cliff, $400 billion is coming right out of the consumers' pockets. i think the answer to your question is they should be concerned with it. they're not educated enough on it to understand that $400 billion comes directly from their pockets. >> don't go anywhere yet, folks. we have some breaking news. earnings out from your favorite company, herb. >> i've said all along this company cannot afford to print anything but a really great quarter. they didn't disappoint on that. in fact, the company came out with really stro
intraday trading today shows investors are worried about the fiscal cliff. who's right? >> well, consumer confidence showed that consumers are excited about housing. i think that's the one small bright spot that we've all seen that people can take benefit of low interest rates to buy homes, to renovate their homes. i think that's a small shining spot. >> but the spirit of the question is, should we be worried about the fiscal cliff? are we making much ado about nothing? >>...
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Nov 10, 2012
11/12
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CNN
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. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's showdown since the disaster. budget negotiators reconvene next week to try, in the words of one aide, to assess where they are. that's what puts republicans where they are in election 2012. it depends on who you ask or how you ask the question, what happened on tuesday night? gop strategist mary matalin, and david fromm, author of "why romney lost and what the gop can do about it." president obama and speaker boehner have said a lot of right things talking about compromise and cooperation, but on taxes, it seems the gap between the two sides is as big as ever, doesn't it? did the election not change anything?
. >> on wednesday, i outlined a responsible path forward to avert the fiscal cliff without raising tax rates. about 24 hours after i spoke, the congressional budget office released a report showing the most harmful consequences of the fiscal cliff come from increasing tax rates. >> what speaker boehner did not mention was the cbo report said raising the top rate would only shave 1% of 10% off economic growth and only temporarily. those were the two open conditions in washington's...
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Nov 13, 2012
11/12
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CNBC
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not just this one time to the fiscal cliff. perhaps to our long-term growth rate. i like that idea a lot. >> we've got a lot of tweets in as well, chris, for a flat tax. probably about the same amount for a vat, right? a federal sales tax. what do you make of those ideas? >> well, i'm a big fan of a flat tax. everyone would win with a flat tax. taxpayers that have a much simpler time at tax time. it would make the economy grow, which would benefit everyone. a vat, however, is a terrible idea. frankly, it won't go anywhere because a vat would tax consumption but state governments already have retail sales taxes. there's no way the states would ever let the federal government impose a brand new tax on their tax base. >> let's dig into the idea. i do support a vat a little bit, if it's very small. by the end of our lives, it will be a 100% tax, probably. you capture a lot of the economy under the ground, the cash economies. drug dealers aren't going to pay taxes, but they're going to buy stuff. >> that's not true. actually, in europe vat evasion is a huge problem. kbr
not just this one time to the fiscal cliff. perhaps to our long-term growth rate. i like that idea a lot. >> we've got a lot of tweets in as well, chris, for a flat tax. probably about the same amount for a vat, right? a federal sales tax. what do you make of those ideas? >> well, i'm a big fan of a flat tax. everyone would win with a flat tax. taxpayers that have a much simpler time at tax time. it would make the economy grow, which would benefit everyone. a vat, however, is a...
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Dec 21, 2012
12/12
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the problem, though, is that the economy sill is vulnerable to the fiscal cliff. tax rates are going to jump significantly on january 1st if nothing is done quickly and that would cause, we think if it lasted, a contraction in the first quarter. >> so contraction in the first quarter. are you speccing a recession? >> we are not. we still think some deal will be reached in the next couple of weeks. and that scenario we think is going to grow 1.5% to 2 the% in the next year. but the risk of no deal is obviously rising. we still think hal happen, though. rick santelli, what r saying there in chicago? the market was down, but the volume was up big. >> maria, like i think the first guest, i would rather impressed by the fact that we're down 119 and we're done much more in the wee hours of the morning after that vote failed and the i was as shock as all of guests were. next year, it's going to be the same. no matter how this fiscal cliff gets resolved, we would be job challenged. and i continue to think a bright spot is going to be energy. i think energy is an industry
the problem, though, is that the economy sill is vulnerable to the fiscal cliff. tax rates are going to jump significantly on january 1st if nothing is done quickly and that would cause, we think if it lasted, a contraction in the first quarter. >> so contraction in the first quarter. are you speccing a recession? >> we are not. we still think some deal will be reached in the next couple of weeks. and that scenario we think is going to grow 1.5% to 2 the% in the next year. but the...
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Dec 8, 2012
12/12
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MSNBCW
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no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a press conference at the capital, boehner got a question about this. listen carefully to how he responded or didn't respond. >> you did speak with the president earlier this week. can you characterize this call? and also we understand that he just is making clear that it's got to be increasing rates for the wealthy or no deal. are you willing to give a little bit? maybe just not all the way to 39.6? >> the phone call was pleasant, but just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president, if he's serious, to come back to us with a counteroffer. >> not a
no ifs, ands or buts on that specific aspect of the fiscal cliff. >> with respect to the tax rates, i want to emphasize, i am open to new ideas. i'm not going to slam the door in their face. i want to hear -- i want to hear ideas from everybody. >> that's not a no. here is the treasury secretary timothy geithner. >> there's no agreement that doesn't involve the rates going up on the top 2%. >> not necessarily going up to the clinton era rates. just going up. today at a...
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Nov 20, 2012
11/12
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. >> an insurance policy against the fiscal cliff? they are trying to do a stop gap? they will embark on monetary policy to plug the gap. >> they're going to treat the expiration of twist perhaps as a mild tightening of financial conditions if they don't do more. in some sense they are hostage to the treasury market. if you look at markets and how they are behaving to me it's not a rate story. it's a lack of confidence. in many ways the fed has indirectly hurt confidence by some of the actions. it doesn't matter. they will still pursue more qe. >> i think the radical view at the beginning of the year would be the more the fed does the more growth slows. that was my view and radical can be right. do you think more of more of more is even slower growth? do you think you could drop to half a percent growth by 2013 or not? >> look, if you have a big commodity move, yes. qe-2 hurt growth. i think the fed has been remiss in not admitting that, taking any responsibility. they look at qe as, through the i prism of improving financial conditions. equities went through septembe
. >> an insurance policy against the fiscal cliff? they are trying to do a stop gap? they will embark on monetary policy to plug the gap. >> they're going to treat the expiration of twist perhaps as a mild tightening of financial conditions if they don't do more. in some sense they are hostage to the treasury market. if you look at markets and how they are behaving to me it's not a rate story. it's a lack of confidence. in many ways the fed has indirectly hurt confidence by some of...
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Oct 5, 2012
10/12
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the negatives are, whether it's the fiscal cliff, tax rate uncertainty that can be fixed easily. we do have an election coming up. but i think the unpinnings of our economy can do a lot more like canada without a whole lot of effort whether energy or retail in the end this number may be very strange but i still think canada gives me a bit of hope. back to you. >> the canadian number is one to watch. we'll see you in a few moments. we should mention the president is being introduced in fairfax, virginia. when he comes to the podium we'll take that live. in the meantime a quick break. we'll talk to the congresswoman trying to save you money on your insurance bill. congresswoman judy biggert will talk how americans are funding big bank bailouts after a quick break. [ male announcer ] at scottrade, weat over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm w
the negatives are, whether it's the fiscal cliff, tax rate uncertainty that can be fixed easily. we do have an election coming up. but i think the unpinnings of our economy can do a lot more like canada without a whole lot of effort whether energy or retail in the end this number may be very strange but i still think canada gives me a bit of hope. back to you. >> the canadian number is one to watch. we'll see you in a few moments. we should mention the president is being introduced in...
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Nov 15, 2012
11/12
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the market lower once again on more fears over fiscal cliff and the uncertainty over tax rates in 2013. in a few minutes, i'll be speaking to the men behind the campaign to fix the country's debt, alan simpson and erskine bous. take a look at how we're settling on wall street today. the market did end off the worst levels of the session. nonetheless, we continue to see a decline. the markett down about 5% since the election. we continue to see a deterioration here. the nasdaq gave up about ten points at 2836. the s&p flat on the night, down about 2.25 points. the market closing lower once again today, adding to the losses we have been seeing since the election. is a deal in washington what investors are waiting for to get back into the game? joining me now is ben pace from deutsch back private wealth management, scott collier and our own mandy drury. good to see everybody. ben pace, what is behind this selling, and when will it end? what's your take? >> i don't think it's really economic right now, maria. i think it's pretty political. every pronouncement we've heard over the last four
the market lower once again on more fears over fiscal cliff and the uncertainty over tax rates in 2013. in a few minutes, i'll be speaking to the men behind the campaign to fix the country's debt, alan simpson and erskine bous. take a look at how we're settling on wall street today. the market did end off the worst levels of the session. nonetheless, we continue to see a decline. the markett down about 5% since the election. we continue to see a deterioration here. the nasdaq gave up about ten...
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Nov 5, 2012
11/12
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the fiscal cliff short term is extend the tax rates, back away from defense cuts on sequestration and don't fool around with the debt ceiling. do russian pntr while we're at it. that's a good job for the lame duck. in 2013 the new congress sits down to deal with what we haven't dealt with for years. that's long term entitlement reform, a comprehensive rewrite of the tax code. git the tax code permanent, rick. 60 provisions expired last year. 41 more major proigs haves this year. we don't have a tax code in the country that's rational any longer. it sure isn't competitive. >> you hit on the big point, the timing factor. you were succeeded by ms. granholm. i read her book. she seemed confused why republicans want to lower taxes to create jobs and went through a litany of tax credit programs she had under her tenure. credits don't work. it's long-term very predictable rules moving forward. >> right. >> how long does it take to get there? >> it has to be done, in my judgment in the first six months of 2013. we have talked with chairman camp, chairman backus. now it's not just corporate an
the fiscal cliff short term is extend the tax rates, back away from defense cuts on sequestration and don't fool around with the debt ceiling. do russian pntr while we're at it. that's a good job for the lame duck. in 2013 the new congress sits down to deal with what we haven't dealt with for years. that's long term entitlement reform, a comprehensive rewrite of the tax code. git the tax code permanent, rick. 60 provisions expired last year. 41 more major proigs haves this year. we don't have a...
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Nov 8, 2012
11/12
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on the fiscal cliff before the end of the year, the rating will go down. there's a 50% chance the u.s. will go over that so-called cliff. the good news is their base scenario is there will be an agreement before the ends of the year. that's what we've got so far, guys. back to you. >> all right, mandy. thanks so much. >> 15%. that's not so bad. you're hearing that talk more now since the re-election of the president. a few agencies have come out now and said there's maybe a little higher chance of us going over the fiscal cliff. still, 15%, i'd take those odds. >> there are some people who say, go over the fiscal cliff. some people feel we should because that will sort of spring everybody into action. >> and reduce the deficit that continues to rise. >> exactly. but the issue is that this uncertainty, until we know where tax rates are going to be, why would you make real plans in terms of your budget if you're a large corporation or small corporation, in terms of hiring plans? you have no idea. >> a few companies -- and we may see this more in the coming d
on the fiscal cliff before the end of the year, the rating will go down. there's a 50% chance the u.s. will go over that so-called cliff. the good news is their base scenario is there will be an agreement before the ends of the year. that's what we've got so far, guys. back to you. >> all right, mandy. thanks so much. >> 15%. that's not so bad. you're hearing that talk more now since the re-election of the president. a few agencies have come out now and said there's maybe a little...
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Sep 17, 2012
09/12
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that may not be the one area you don't want to be a part of because if we jump off that fiscal cliff you're looking aat dividend tax rate going up. that could hurt those. moving forward, consumer discretionary should do wonderful next year. build up the war chest while you can in the fourth quarter because next year should be lights out. a great year for the bulls. >> thanks, everybody. see you soon. we have a market down 47 points on dow. let's get to jackie from market flash. >> hey, watching shares of vivas getting a nice pop as it announces public availability of obesity drug. we were looking at fourth quarter launch of this drug. our physician prescribe the drug? looking at a pop of more than 3%. 22.7. we'll watch vivus. >>> heading toward the close, anything can happen. down 48 points. that's nothing, though. this market can turn on a dime. will it be 14 down mondays in the last 15 or not? we'll find out. >> 14,164, the all-time high on the dow industrials. don't touch that dial. a lot more headed your way on this special edition of "closing bell." >>> coming up -- not so fast.
that may not be the one area you don't want to be a part of because if we jump off that fiscal cliff you're looking aat dividend tax rate going up. that could hurt those. moving forward, consumer discretionary should do wonderful next year. build up the war chest while you can in the fourth quarter because next year should be lights out. a great year for the bulls. >> thanks, everybody. see you soon. we have a market down 47 points on dow. let's get to jackie from market flash. >>...
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Nov 28, 2012
11/12
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FOXNEWSW
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>>neil: so you are not in the patty murray camp who says, maybe risk fiscal cliff situation where you just blow past the deadline and everything, the cuts go in effect, the rates become idea, and then you can put together a deal that makes more sense, in this case for the democrats' liking. >>guest: i understand that viewpoint and there will be people on both sides that will say let the bad stuff go in effect and that will put pressure on everyone. that is another alternative. but the risk there is the economy goes back into another recession, the storm market falls and you get real problems so that, to me, that is a pretty big risk to take. >>neil: thank you, dick gephardt. >> remember the white house warning that you don't get progress on the cliff, you are going to see less spending in the fors. a life jet maker did not get that memo because it sent up a storm. >> we are coming to you from sunny los angeles, at lax, and private aviation is booming. europe is announcing, did you see this, of course, vistajet, sit down, now, get a led of this, an $8 billion deal to buy 56 jets, optio
>>neil: so you are not in the patty murray camp who says, maybe risk fiscal cliff situation where you just blow past the deadline and everything, the cuts go in effect, the rates become idea, and then you can put together a deal that makes more sense, in this case for the democrats' liking. >>guest: i understand that viewpoint and there will be people on both sides that will say let the bad stuff go in effect and that will put pressure on everyone. that is another alternative. but...
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Oct 11, 2012
10/12
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you went right at the fiscal cliff. let's listen to what they said. >> if we do nothing, next year, you'll have the rate of growth slowed to somewhere like 3% to 5%. you'll have unemployment go up another 2% to around -- above 9% and 2 million more people will lose their jobs and we're doing nothing about it. >> it is very serious. i think the candidates know how serious it is. i think they're trying to avoid it, maybe in part because it is so consequential and serious and maybe the ideas that would have to be put forward will be unattract i have to some people. obviously we're in a position where new discipline is going to have to be imposed, people will be disappointed in the consequence so i think they're going to avoid it. >> they worship, said alan simpson, at the god of re-election. i would emphasize what mr. blankfein said there, the candidates seem in large part to be avoiding the consequences of fiscal cliff precisely because it is so consequential. do you see it that way? >> well, not exactly, tyler. let me ma
you went right at the fiscal cliff. let's listen to what they said. >> if we do nothing, next year, you'll have the rate of growth slowed to somewhere like 3% to 5%. you'll have unemployment go up another 2% to around -- above 9% and 2 million more people will lose their jobs and we're doing nothing about it. >> it is very serious. i think the candidates know how serious it is. i think they're trying to avoid it, maybe in part because it is so consequential and serious and maybe the...
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Dec 10, 2012
12/12
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WBAL
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so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out indicating who would get the blame if you do go over the cliff. squarely against the republicans. they would more likely get the blame. that's what you heard as bob pointed out from senator durbin as well, that they would own the recession that would follow. >> i don't know how that ends up playing out. but i think when you talk about the feeling at the white house, there's a palpable difference now compared to 2011, the summer of 2011. they are so much cockier right now at the white house than they were a year and a half ago when they were doing this. they really believe they have set out, we're not going to n
so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out...
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Nov 8, 2012
11/12
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CNBC
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but you can say you are freaked out about the fiscal cliff, higher dividend or capital gains tax rates or maybe even greece. but are these really reasons not to own stocks? let's bring in craig hodges, co-portfolio manager of the hodges fund, as well as peter tuse. if capital gains rates go up in january, why wouldn't i buy stocks aggressivelily now and sell toward the end of the year? why sell now? >> there's a lot of cross currents. people are positioning. i think that's what you're seeing in the market, is people positioning for i guess the new world and it is likely that the -- that capital gains and dividend taxes are going to go up. we've talked at the hodges funds to several of our companies and a lot of them are actually having special meetings between now. a lot of them schedule them for right after the election to actually have a dividend strategy for the remainder of the year. if you're sitting on a lot of cash and you eventually want to return it to shareholders between now and december 31st is the time to do that. i think you'll see a lot of special dividends between now a
but you can say you are freaked out about the fiscal cliff, higher dividend or capital gains tax rates or maybe even greece. but are these really reasons not to own stocks? let's bring in craig hodges, co-portfolio manager of the hodges fund, as well as peter tuse. if capital gains rates go up in january, why wouldn't i buy stocks aggressivelily now and sell toward the end of the year? why sell now? >> there's a lot of cross currents. people are positioning. i think that's what you're...
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Oct 18, 2012
10/12
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cliff unless republicans agree to raise tax rates for the wealthy. if the two sides don't come to an agreement, taxes are scheduled to rise dramatically in january for people at all income levels. from issue . ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios so, which superfast 4g lte service would you choose, based on this chart ? don't rush into it, i'm not looking for the fastest answer. obviously verizon. okay, i have a different chart. going that way, does that make a difference ? look at verizon. it's so much more than the other ones. so what if we just changed the format altogether ? isn't that the exact same thing ? it's pretty clear. still sticking with verizon. verizon. more 4g lte coverage than all other networks combined. >>> politics now, the host of the fund raiser where mitt romney made the now infamous 47% comment says he wants to make things right with romney. sources say m
cliff unless republicans agree to raise tax rates for the wealthy. if the two sides don't come to an agreement, taxes are scheduled to rise dramatically in january for people at all income levels. from issue . ♪ i'd like to thank eating right, whole grain, multigrain cheerios! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios so, which superfast 4g lte service would you choose, based on this chart ?...
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Jul 12, 2012
07/12
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cliff, or waiting for higher rates. they're waiting for things that will not be resolved in the near term. it's creating a lot of frustration. >> ben, you need a strategy for the short-term and for the long term. how do you trade this market? >> u think we will be choppy no doubt. one of the other things we're waiting for is more monetary easing. and i think there is disappointment there. don't know whether we get that this summer. so i think we're still looking at choppy markets. we're still, basically, equal weight equities. we're starting to move into commodities a little more. it has been hit harder than equities so there might be opportunities there. we still think we grind higher by the end of the year and that will not start happening until the pal. >> let's talk about earnings. we're about to learn what jpmorgan will report, what are you expecting? >> not much. let's talk about sentiment. the american association of american investors, the bullish sentiment in the market is 30%. that's lou the historical average
cliff, or waiting for higher rates. they're waiting for things that will not be resolved in the near term. it's creating a lot of frustration. >> ben, you need a strategy for the short-term and for the long term. how do you trade this market? >> u think we will be choppy no doubt. one of the other things we're waiting for is more monetary easing. and i think there is disappointment there. don't know whether we get that this summer. so i think we're still looking at choppy markets....
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324
Dec 3, 2012
12/12
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CNBC
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what we need to do is to avoid the fiscal cliff, have a down payments of both spending reductions and effective tax rate increases geared towards the well off. all right? we need to defer most of the major spending reductions and tax rate increases until a date later than 2013. couple that with a deferral of the debt ceiling limit to the same date so that we can achieve a grand bargain in 2013, which will be budget control, comprehensive tax reform, social insurance reforms, those types of things. we have to be realistic about what can be achieved before the end of the year and we have to build to achieving a grand bargain in 2013. >> steve, last year, we know how close everyone got and we also know that the president commission has been involved in all those people to come to a fix for our long-term problems. now, they came up with 28% as a tax rate. they came up with three to one in terms of spending cuts. the president is nowhere near embracing that at this point. we're so far from that at this point that it seems like the opportunity was mittsed last year. >> right now, the presid
what we need to do is to avoid the fiscal cliff, have a down payments of both spending reductions and effective tax rate increases geared towards the well off. all right? we need to defer most of the major spending reductions and tax rate increases until a date later than 2013. couple that with a deferral of the debt ceiling limit to the same date so that we can achieve a grand bargain in 2013, which will be budget control, comprehensive tax reform, social insurance reforms, those types of...
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169
Nov 5, 2012
11/12
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FOXNEWSW
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>>guest: mitt romney said he does not want taxes going up on anyone, the fiscal cliff. if you look at it, it is the marginal rates, capital gains and dividends, the debt tax, the marriage penalty, all of these things will go towards higher taxes for everyone. mitt romney has said we don't want to see that especially not in an economy right now and especially in a situation where we have not fixed the spending problem. i believe mitt romney's election will lead to taxes not going up and we will set up a process where we will see tax reform happen to simplify the code, lower the rates for everyone, fill the loopholes could get on about the business of growing the economy which has been the focus and should be the focus the last fur years -- four years. >>neil: joe biden in another interview said that if president obama is re-elected republicans will come to the table because the temperature would have burst, the fever would be burst and they will be more willing to work rather than constantly challenge and yell and scream. what do you think 1/2? >>guest: well, i can tell
>>guest: mitt romney said he does not want taxes going up on anyone, the fiscal cliff. if you look at it, it is the marginal rates, capital gains and dividends, the debt tax, the marriage penalty, all of these things will go towards higher taxes for everyone. mitt romney has said we don't want to see that especially not in an economy right now and especially in a situation where we have not fixed the spending problem. i believe mitt romney's election will lead to taxes not going up and we...